When does goodwill result from a business combination? How does goodwill affect reported net income after a

Question:

When does result from a business combination? How does affect reported net income after a business combination?

Goodwill
Goodwill is an important concept and terminology in accounting which means good reputation. The word goodwill is used at various places in accounting but it is recognized only at the time of a business combination. There are generally two types of...